The amount of "excess" liquidity in the U.S. economy is staggering. Will this continue to be a tailwind for inflation? Below is the M2 money supply vs. the pre-COVID trend.
@stlouisfed#inflation#StockMarket
Americans not working mainly because "I was caring for someone or sick myself with coronavirus symptoms" ⬆️ more than 2X from 2.0 million in late July to 4.7M in early Sept.
Offsetting this, “I was caring for children not in school or daycare” ⬇️ from 7.1 to 4.4M.
Time and time again, research shows that if we maintain a long-term horizon, our probability of achieving significant returns is extraordinarily high 👀👇 $SPY $DIA $QQQ